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July 25, 2008 8:29:15 AM CDT

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Stories related to: Citibank

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5 Stories

  • July 2008

    • Citi Losses Shrink in 2nd Quarter, Beat Expectations

      newser  |  Wall Street Journal  |  Jul 18, 08 8:32 AM CDT

      Citi Losses Shrink in 2nd Quarter, Beat Expectations

      Citibank delighted shareholders today by losing a mere $2.5 billion in the second quarter, the Wall Street Journal reports. Analysts had expected much worse from the US’ biggest bank by assets, but Citi beat expectations by reducing writedowns and slashing jobs. The results should prove a counterweight to the ghastly results Merill Lynch reported after markets closed yesterday. More »

  • June 2008

    • Heeeeeeeeeeeeere's a Lawsuit!

      newser  |  Associated Press  |  Jun 20, 08 10:45 PM CDT

      Heeeeeeeeeeeeere's a Lawsuit!

      Citibank has filed suit against former Johnny Carson sidekick Ed McMahon to recover $200,000 it loaned to the struggling actor, the AP reports. McMahon, 85, who has not worked since falling 18 months ago, also faces foreclosure on his Beverly Hills home. “If you spend more money than you make,” McMahon recently told Larry King, “you know what happens.” More »

      Tags

      Hollywood  • debt  • Countrywide Financial  • Tonight Show  • Johnny Carson  • Citibank  • Ed McMahon  • television personality

    • Banks Cut Colleges Eligible for Student Loans

      newser  |  New York Times  |  Jun 2, 08 8:09 AM CDT

      Banks Cut Colleges Eligible for Student Loans

      Students at 2-year and some less competitive 4-year colleges will be having a tougher time finding loans as banks trim the list of colleges they serve, reports the New York Times . In a move that potentially shuts out some of the neediest students, Citibank, JPMorgan, PNC, and SunTrust all say they have cut back their eligible institutions, focusing on upper-tier schools whose students generally borrow more and default less. More »

      Tags

      JPMorgan Chase  • student loans  • Wells Fargo  • credit market chaos  • Sallie Mae  • Citibank

  • March 2008

    • Wounded Bear Scrambles for a Savior

      newser  |  Wall Street Journal  |  Mar 15, 08 3:38 PM CDT

      Wounded Bear Scrambles for a Savior

      What's next for Bear Stearns? A Wall Street institution for the better part of a century, it is now scrambling to find a buyer. Its best hope is JP Morgan, which provided a temporary lifeline yesterday along with the Fed. But other possible suitors include Citibank and HSBC, the Wall Street Journal reports. In a sign of the times, the Journal notes that Bear's single biggest asset might be its building—the Madison Avenue digs could fetch $1.2 billion. More »

      Tags

      Federal Reserve  • Wall Street  • subprime crisis  • Bear Stearns  • JPMorgan Chase  • Citibank  • HSBC  • emergency funding  • Madison Avenue

  • August 2007

    • They're Back From the Dead

      newser  |  BusinessWeek  |  Aug 3, 07 10:54 AM CDT

      They're Back From the Dead

      These five companies were flatlining until they made bold management decisions.  Business Week tells you how they did it. Nintendo: The Wii dared to market to families and non-gamers Audi:  Banked on engineering and prowess and didn't get distracted More »

      Tags

      list  • Nintendo Wii  • Hewlett Packard  • Nintendo  • Audi  • Citibank  • Burberry

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